Great Depression Mixbook

Great Depression Mixbook - Page Text Content

BC: The End

FC: Great Depression

1: The worst economic crisis to ever plague the United States occurred on October 29,1929 better known as Black Tuesday. The value of the US dollar and subsequently other forms of currency plummeted. Meanwhile ,the unemployment rate soared and stock prices fell drastically. Most banks were put out of business or were destabilized, because of hundreds of people desperately withdrawing their funds in fear of losing their savings. This economic crisis was known as the Great Depression. It effected almost every branch of society in a plethora of ways. It is in my opinion that The Great Depression was caused by over confident investing and a over valued market as well as over abundant food which caused a devaluing of the farmers products. Finally, over a decade later in the early 40's The Great Depression was brought to an end because of WWII jump starting the economy.

6: During the Great Depression families could often times afford little or no food. Even those lucky enough to have a family member with a job, still faced hard times. Children would often quit school and take up a job to help support the family. Many farming families unable to sell their products moved into the city to look for work.

8: With their husbands unable to find work many women looked for a source of income them selfs. Jobs that were previously inaccessible to women were then, because of desperation, open. While this increased womens rights to a degree searching for a job as a woman could have also meant risking your marriage. For lots of husbands their wife working while they were jobless was to great an embarrassment to except. This left many women with little more than their own devices.

10: Immigrant workers were often passed up when businesses were searching for employees. Likewise, they were usually the first to be laid off if a factory or business downsized. This made it particularly hard for immigrant workers to support their families.

12: Like immigrants, African Americans also faced discrimination in the work place. Often times the only way to survive was with the help of your community. A community might pool grain or other food into a collective repository of sorts in which one member of said community who is less fortunate then the rest might be able to withdraw some bread or other food.